Afternoon Report | ASX rises despite US inflation shock

This is the Fear & Greed Afternoon Report - everything you need to know right now.

Today, Australian shares rise despite a sell-off on Wall Street, as hotter-than-expected US inflation fuels fears of another big interest rate hike. Michael Thompson looks at the winners and losers on the ASX, including Commonwealth Bank, which has reported rising mortgage arrears and increased provisions for bad debts.

Plus, David Jones prepares to close half its stores, fresh signs of stress emerge in Australia's private credit market, and US Defence Secretary Pete Hegseth survives an impeachment attempt.

Join our free daily newsletter here.

Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.